This issue of “Economic Outlook and Indicators” analyzes the banking sector in the period of January-October 2013. In October 2013 the volume of deposits, as well as the volume of loans to the National economy increased ( 22.6%; 12.6%) in comparison with the indicators of the corresponding period in 2012. 

This issue of “Economic Outlook and Indicators” analizes tax revenues in the period of January-October 2013 in comparison with the corresponding period in 2012. In October 2013, tax revenues reduced in comparison with the October 2012 (-10.5%). Revenues from VAT, Excise and Import taxes declined (-24.8%; -10.7%; -19.1%) and the revenues from Income, Profit and Property taxes (10.9; 47.9%; 9.7%) increased.    

The growth rate of GDP in the first two quarters of 2013 is 1.9 %, which is lower than the indicator of the same period of 2012 (7.5%). It’s under the question to achieve the growth rate projected by either the Government of Georgia (6%, 4%) or by IMF (2.5%) for 2013. The structure of GDP by sectors did not change during the first two quarters of 2013.   

This issue of “Economic Outlook and Indicators” analizes revenues from VAT, income, profit and excise taxes in the period of January-August 2013 in comparison with the indicator of the corresponding period in 2012. In August 2013, tax revenues reduced in comparison with the indicator of August 2012 (-6.7%).   

In the second quarter of 2013, foreign direct investment increased in comparison with the corresponding indicator in 2012 (1.5%), as well as in comparison with the same indicator in the first quarter of 2013 (12.7%). It should be noted that in this period the growth rate of FDI,in comparison with the corresponding indicator in the previous year, was positive (1.5%) after the first quarter of 2012.  

This issue of “Economic Outlook and Indicators” analyses revenues from VAT, income, profit and excise taxes in the period of January-July 2013 in comparison with the indicator of the corresponding period in 2012. In July 2013, tax revenues increased in comparison with the indicator of July 2012 (0.9%). 

     

In the second quarter of 2013, the dynamics of external trade turnover is similar to the dynamics of the same indicator in previous years. In the second quarter of 2013, the dynamics of external trade turnover was 2568.2 mln.USD, which is lower (-1.2%) than the corresponding indicator of previous year, but it exceeds the corresponding indicator of the first quarter 2013 (19.7%).  

The following newsletter reviews Tax Revenues of Georgia in the period of January-June 2013 in comparison with the corresponding period of 2012, as well as 2011. In June 2013, the volume of Tax Revenues is lower than the same indicator in 2012 (-9.7%), as well as in comparison with the indicator of May 2013 (-3.7%). 

The following newsletter reviews Tax Revenues of Georgia in the period of January- May 2013 in comparison with the corresponding period of 2012, as well as 2011. In May 2013, the volume of Tax Revenues is higher in comparison with the indicators of May 2012 (12.3%), as well as in comparison with May 2011 (4.7%).